RJBlock Properties Acquires Multifamily Portfolio In Harlem For $32M

The multifamily property located at 2470 8th Avenue, 271 West 144th Street, and 1941 Adam C Powell Boulevard in Harlem has been sold. The sale was finalized on 09/06/2022 for a total price of $32,000,000. The property consists of 213 units, with an average price per unit of $150,234. The total square footage of the property is 201,764, resulting in a price per square foot of $158.

Summary of Transaction Details

• Property Type: Multifamily
• Sale Price: $32,000,000
• Units: 213
• Price Per Unit: $150,234
• Square Footage: 201,764
• Price Per Square Foot: $158

The buyer of the property is RJBlock Properties, represented by RJ Block. The seller is KLM Equities, with Elias Kefalidis and Zac Kleinhandler as the sellers. The seller's representatives in this deal are Brett Siegel and Evan Layne, who work for Newmark.